See the Impact,
Sail to Innovation
King Sejong and Jang Yeong-sil Prize
We are looking for impact start-ups in Vietnam that will take a leap beyond Vietnam to global, to achieve great innovation by solving emerging social problems through business.
Impact Challenge At SEA is a competition to discover and invest in promising impact start-ups in Vietnam that propose climate solutions or promote the transition towards a digital economy.
Apply to IMPACT CHALLENGE AT SEA right now,
the starting point to develop your business.
IMPACT START-UP THAT:
●CONTRIBUTES TO SOLVING ENVIRONMENTAL PROBLEMS OR
●RUNNING A BUSINESS RELATED TO DIGITAL TECHNOLOGY
Any business that contributes to solving environmental problems.
waste reduction, renewable energy, resources recycling/ circulation, environmental pollution measurement and response, fine dust/air purification, etc.
NETSPA develops an eco-friendly resource circulation solution using fishing net wastes to solve the problem of marine ecosystem destruction.
LAR contributes to the sustainable fashion industry by manufacturing and selling shoes and fashion products using eco-friendly materials.
4EN upcycles and processes agricultural by-products collected from coffee, peanuts, and etc, and produces them into solid fuels, organic fertilizers, and bioplastics.
Any business that utilizes digital technology
mobile app utilization, online transaction/education/platform, 5G, VR/AR, digital healthcare, fintech, smart farm, etc.
bTaskee provides an on-demand home service platform that connects customers and cleaners and contributes to increasing the income of service providers.
Enuma contributes to mitigating gaps on access to education through game-based non-face-to-face learning solutions that enables children to learn without geographic and contextual constraints.
Vietnam-based Impact Start-up that engaged with ● green or ● digital Themes.
● Start-up teams in their idea stage are also eligible to apply.
● However, if a corporation has already been established or sales have occurred, additional points will be given during evaluation.
•In order to be selected as an investee company, establishment of a Vietnamese corporation(end of November) and Singapore corporation(immediately before investment) is required.
•Details of Benefits will differ according to the selection stage.
Awards & Benefits
• Final winner : $50,000 (1team)
• The second winner : $20,000 (1team)
• The rest of TOP 10 : $2,500 (8teams)
• Additional 10 teams : $1,000 (10teams)
• Among TOP 2, Final 1 team will be selected as an investee company through evaluation
(*There may be no selection if there are no suitable candidates.)
• Maximum Investment 400K USD
• Maximum additional Prize 100K USD
• Online accelerating training content on business operation and social value creation
• Mentoring for developing business model
• Workshops and education on measuring and managing social value
• Self-disclosure website that team/company can self measure and report the social impact.
• Partnership and cooperation opportunities for ESG open innovation with large corporation in Korea
• Support technology transfer of Korean social ventures and joint venture business development with participants
• Possible opportunity for follow-up investment in cooperation with domestic and foreign impact investors
TOP 20 will be selected from ROUND1.
Among TOP20, 10Teams will be selected in ROUND2.
Among TOP10, Only 2 Teams will be selected in ROUND3.
Selected among TOP2
Benefit• Investment 400KUSD
• Additional Prize 100KUSD
• Impact Reporting Service
June 1 - June 30
IR Pitching Competition
1st half of 2023
The schedule may be subject to change.
For more information, please check the FAQ Page.
If you can’t find what you’re looking for, please contact us at email@example.com.
Impact Challenge At SEA is an impact start-up discovery and investment program operated in cooperation with Korea International Cooperation Agency, investment companies, accelerators, corporations, and non-profit organizations. By forming a cooperative network between various domestic/foreign institutions and large corporations, we will support various cooperation linkages and attract follow-up investment to start-ups participating in this program.
Impact Square is an impact start-up accelerator based on the vision that ‘great businesses are recognized when the social values are fully combined with business models.’
Discovers, nurtures, and develops impact businesses
Since 2014, Impact Square has provided accelerating services to 300 impact start-ups, and has invested in 45 impact start-ups. The main strategy of Impact Square is to bridge impact start-ups’ solutions and large corporations to ensure impact start-ups’ sustainable management focusing on their specific action plans. Also, Impact Square carries out professional measurement and evaluation of social values through ‘Impactology’, a company-affiliated research institute.
Nextrans is an investment attraction consulting firm that seeks to change the world and form a global network of entrepreneurs with passion and technology. It aims to maximize corporate capabilities by connecting the large corporations to startups around the world that need resources such as preparation for investment, network, and business connection.
Expertise in Investments in Vietnam
Since 2004, Nextrans has supported about 100 startups and has been investing in the Vietnamese market since 2015. Recently, Nextrans has created and invested in a fund worth $8million in Vietnam and has invested in about 25 Vietnamese companies so far.
MerryYear International(MYI) is an Non-Governmental Organization specialized in social economy, agriculture and microcredit sectors.
Working in the Mekong Delta area
Since 2011, MYI has been working in Mekong Delta area to support vulnerable people, small shop owners and government officers.
Based on the endeavor, MYI could aggregate over $500,000 funds with local people.
(CEO/Founder, IMPACT SQUARE)
(Co-Founder & Managing Partner, The Sylvan Group)
(Director, FTU Innovation and Incubation Space)
(Director, VIN University Entrepreneurship Lab)
Truong Thi Nam Thang
(Director, NEU Center for Social Innovation and Entrepreneurship)
(Partner, THE VENTURES)